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Nature's Sunshine Reports Fourth Quarter and Full Year 2024 Financial Results
NATRNature's Sunshine(NATR) GlobeNewswire·2025-03-11 20:05

Core Viewpoint - Nature's Sunshine Products, Inc. reported strong financial results for Q4 and full year 2024, highlighting significant growth in various regions and a commitment to quality and innovation despite macroeconomic challenges [2][3]. Financial Summary Fourth Quarter 2024 - Revenue reached 118.2million,anincreaseof8.5118.2 million, an increase of 8.5% year-over-year, and 10% on a constant currency basis [4][6]. - Asia Pacific saw a remarkable growth of 21%, while North America digital sales increased by 17% [2]. - Gross margin improved to 72.0% from 71.9% in the previous year due to cost-saving initiatives [5]. - GAAP net loss attributable to common shareholders was (0.3) million, or (0.02)perdilutedshare,comparedtonetincomeof(0.02) per diluted share, compared to net income of 9.0 million, or 0.46perdilutedshareintheprioryear[10][11].FullYear2024−Totalnetsalesincreasedby2.00.46 per diluted share in the prior year [10][11]. Full Year 2024 - Total net sales increased by 2.0% to 454.4 million compared to 445.3millionin2023,witha3.8445.3 million in 2023, with a 3.8% increase when excluding foreign exchange impacts [13]. - GAAP net income attributable to common shareholders was 7.7 million, or 0.40perdilutedshare,downfrom0.40 per diluted share, down from 15.1 million, or 0.77perdilutedsharein2023[17].−AdjustedEBITDAwas0.77 per diluted share in 2023 [17]. - Adjusted EBITDA was 40.5 million, slightly up from 40.4 million in 2023 [19]. Operational Insights - Selling, general and administrative expenses (SG&A) for Q4 were 43.7 million, up from 39.9millioninthepreviousyear,reflectingvariablecostsrelatedtosalesgrowth[7].−OperatingincomeforQ4was39.9 million in the previous year, reflecting variable costs related to sales growth [7]. - Operating income for Q4 was 4.6 million, or 3.8% of net sales, compared to 5.7million,or5.25.7 million, or 5.2% of net sales in the prior year [8]. Balance Sheet and Cash Flow - As of December 31, 2024, the company had cash and cash equivalents of 84.7 million and no outstanding debt [20]. - Net cash provided by operating activities was 25.3millionfortheyear,downfrom25.3 million for the year, down from 41.2 million in the prior year [20]. Outlook - The company expects full year 2025 net sales to range between 445millionand445 million and 470 million, with adjusted EBITDA projected between 38millionand38 million and 44 million [21].